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| Gold, silver and platinum prices |
Gold and Silver Reach Unprecedented Prices
Gold and silver prices surged to all-time highs, driven by geopolitical tensions and US dollar weakness. As a result, investors are increasingly seeking safe-haven assets in 2025. Meanwhile, platinum and palladium also advanced sharply, reflecting broad strength in precious metals markets.
Spot gold hit $4,540 per ounce, and US gold futures for February reached $4,584 before settling at $4,555. March silver futures jumped over 9% to $78.30, while platinum climbed 10% to $2,475 and palladium surged 13% to $2,234 per ounce. These gains mark historic year-end rallies across multiple metals.
Factors Driving the Precious Metals Boom
Central bank purchases and ETF inflows underpinned the rally, with SPDR Gold Shares (GLD) increasing holdings by over 20% in 2025. Meanwhile, physical gold ETFs attracted $82 billion in inflows, equivalent to 749 tonnes. Consequently, the market demonstrates strong fundamental demand rather than purely speculative momentum.
Silver’s rally has been even more dramatic, rising 160% in 2025. Supply constraints and a historic short squeeze in October intensified price movements. In contrast, London vaults saw inflows, but New York retains most available silver, indicating a tight physical market. Analysts predict prices may continue climbing into 2026.
ScrapInsight Commentary
The historic rally highlights renewed investor focus on safe-haven metals amid macroeconomic uncertainty. Gold and silver price strength may persist due to physical demand, ETF growth, and constrained supply. Strategic investment in precious metals could become increasingly vital for portfolio risk management in 2026.
